News

Iowa Court Finds No Coverage for COVID Income Loss in 2 Decisions

The Iowa Supreme Court last week ruled in two separate decisions that COVID-19 did not cause a physical loss or damage that would allow a private golf club or a restaurant and bar to recoup income lost during COVID-19 shutdown …

National Guard Called Up to Help NW Minnesota Flood Threat

Volunteers and National Guard members in northwestern Minnesota spent two days sandbagging to fortify the city of Crookston from an expected record flood along the Red Lake River. Minnesota Gov. Tim Walz authorized 100 members of the Guard to assist …

Ohio’s FirstEnergy Settles Ratepayer Lawsuits for $37M

FirstEnergy Corp. has settled four ratepayer lawsuits filed after the utility giant became ensnared in a $60 million bribery scheme to win a $1 billion legislative bailout for two Ohio nuclear plants operated by a company subsidiary when the bill …

Florida Appeals Court: Pre-Suit Notices Required in AOB Cases After July 2019

In a decision that’s being called a win for insurers, Florida’s 4th District Court of Appeals held last week that the statutory notice of intent to sue applies to all assignment-of-benefits agreements signed after the 2019 law was enacted, even …

People Moves: Quigley Ascot’s Surety Lead; Olson Named Zurich N.A. Head of Programs

Quigley Named Ascot’s Head of Surety Ascot appointed Tara Quigley executive vice president and head of Surety. She will be responsible for developing, and managing Ascot’s Surety portfolio across the U.S. Her appointment marks the final stage of Ascot’s entry …

People Moves: Henderson Brothers Promotes 2; Resilience Adds Aon’s Thompson

Pittsburgh’s Henderson Brothers Promotes Two Veterans for New Roles Greater Pittsburg insurance agency Henderson Brothers announced two promotions to its professional staff. Thomas Philbin, director of Commercial Lines, has been named director of Mergers and Acquisitions and director of Strategic …

People Moves: Lockton Restructures Int’l Leadership; MGA Arcadian Promotes Barna for Transactional Liability; McGill and Partners Hires DARAG’s Hill for Structured Solutions

This edition of International People Moves details appointments at brokers Lockton and McGill and Partners as well as the Bermuda MGA Arcadian Risk Capital. A summary of these new hires follows here. Lockton Announces New International Leadership Structure Lockton, the …

81% of Flood Insurance Policyholders Will See Rate Increases, Report Says

When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April, it promised that bigger, richer homes would bear the brunt of premium increases, while almost 90 percent of policyholders would …

Lawsuit in California Says Warnings Were Ignored Before Children’s Slayings

The father of three children who were allegedly killed by their mother last year has filed a lawsuit against the city and county of Los Angeles, accusing police and social workers of failing to intervene to protect his young daughters …

Boy Scouts Bankruptcy Judge Approves Sale of BSA Warehouse

The judge presiding over the Boy Scouts of America bankruptcy has approved the organization’s request to sell its warehouse and distribution center in North Carolina for roughly $13.5 million and lease back the property from the buyer. The BSA wants …

News Archives by Month